5920 Benner Street
5920 Benner Street
$1,420,000
8
4
3,224
3,224
$440
Sold 3/29/24
Description
Rare opportunity to buy a turnkey 4plex in hip Highland Park that cash flows! 5.57% CAP Rate and 13.97 GRM on Current Rents! All apartments function as 2 bedroom and 1 bathroom and are fully remodeled inside with modern finishes such as trendy black hardware, butcher block countertops, white cabinets in kitchens and bathrooms, unique light fixtures, recessed lighting in living rooms, laminate wood flooring, and much more. The spacious units average 806 SF each per title. Two units have bonus rooms...Rare opportunity to buy a turnkey 4plex in hip Highland Park that cash flows! 5.57% CAP Rate and 13.97 GRM on Current Rents! All apartments function as 2 bedroom and 1 bathroom and are fully remodeled inside with modern finishes such as trendy black hardware, butcher block countertops, white cabinets in kitchens and bathrooms, unique light fixtures, recessed lighting in living rooms, laminate wood flooring, and much more. The spacious units average 806 SF each per title. Two units have bonus rooms that would be a perfect office, making this highly conducive to tenants who work from home. Great tenants, well managed, and rents average $2,166/month per unit, making this an excellent investment in a stellar location. All units have only 1 or 2 tenants each, there are no long term tenants, and these units generally turn over every few years. The property is easy to manage, has low expenses, partial copper plumbing, and a good roof. There is a front yard area with communal lounge furniture, garden plots and BBQ grill where tenants can keep plants, hang out, and feel at home. The property is located just south of Figueroa on a quiet street near the 110 Freeway. It is walkable to all the hotspots on Figueroa, as well as nearby parks, the Metro Gold Line, and so much more. The median single family home price in Highland Park is now $1,138,000, making this an extremely high barrier to entry area and extremely popular among high earning renters.
- Listed by Dana Coronado • DRE #01746702 • Brokerage DRE #01342342 • Equity Union
- Listed by Charlie Coronado • DRE #01723306 • Brokerage DRE #01342342 • Equity Union
Property Details for 5920 Benner Street
Water Front
None
ZoningLARD1.5
Accessibility FeaturesNone
Parcel Number5492019006
Total Units4.0
Living Area3224
Source Living AreaVendor Enhanced
AreaHighland Park (632)
Location
LISTING UPDATED: 03/29/2024 09:28 AM
Property Details for 5920 Benner Street
Status | Sold |
---|---|
MLS # | 24-358619 |
Days on Market | 13 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1948 |
Lot Size | 0.13 AC / 5,601 SF |
County | Los Angeles County |
Location
Building Information for 5920 Benner Street
Stories2Residences-Year Built1948Building Size-Lot Size0.13 AC / 5,601 SF
Payment Calculator
$8,851 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 5920 Benner Street
Property History for 5920 Benner Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5920 Benner Street
Taxable ValueLand$741,819Additions$317,921Total$1,059,740
Tax Record2023$13,214 ($1,101 / month)
Home Facts
Total Finished SqFt3,224 SqFtAbove Grade Finished SqFt3,224 SqFtLot Size5,601 SqFtStyleQuadraplexYear Built1948ZoningLARD1.5CountyLOS ANGELESAPN5492-019-006
Schools near 5920 Benner Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 12 | |||
Charter - | 9 to 12 | |||
Public - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Bushnell Way Elementary School PublicK to 5 | ||
Benjamin Franklin Senior High School Public6 to 12 | ||
Los Angeles International School Charter9 to 12 | ||
Luther Burbank Middle School Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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